Reuters – Hedge fund firm GLG Partners saw assets under management rise marginally in the final quarter of last year as it benefited from client money returning to the industry and modest performance gains. The London-based, New York-listed firm said assets rose 2.5 percent during the three months to December to $22.2 billion, helped by $723 million of net client inflows, particularly into the firm’s segregated client accounts.
“I am confident that GLG remains well positioned to be a leading beneficiary as industry flows expand,” said chairman and co-chief executive Noam Gottesman in a statement.
